Source: www.GoldForecaster.com 06/27/2008
In a long week in which attempts to lower the oil price and talks about the $ were disappointed [ G-8 meeting and the oil producer’s meeting in Saudi Arabia], the threat of much higher oil prices, a weaker $ and perhaps a vicious fall in equity market in the next few months, Joseph Lieberman, the head of the Senate Banking Committeee. is proposing what in effect are Exchange Control measures on commodity markets and foreign exchanges that host commodity dealing. This week we saw a glimpse of what is to be proposed and is proposing as we send this out.

Sen. Joe Lieberman, tasked with finding controls over speculation in the commodities markets, revealed the drafts of three bills that would sharply curtail the activities of financial investors in the commodities markets.

The most extreme proposal would prohibit private and public pension funds with more than …